brent2 Courtesy: FadderUri/Flickr
17 December 2013

Reassessing Brent benchmark for crude oil

The allegations against several oil companies and price reporting agencies like Platts have raised concerns about the credibility of the global oil benchmarking architecture. While there is a need for corrections to the existing structure, the time is right for BRICS to develop alternate options

g20akshay Courtesy: The Prime Minister's Office/Flickr
12 September 2013

G20: The new Bretton Woods?

Global institutions responsible for price discovery and speculation in commodities are suspected of fuelling price hikes. With the world experiencing turmoil in the food and energy markets, fixing the global pricing architecture for commodities should be the priority for the G20